Goyder to lead G20 business adviser group

Wesfarmers chief executive
Richard Goyder
will head a group of leading businesspeople helping host Australia’s presidency of the Group of 20 major world economies next year.

The federal government will name on Tuesday members of the influential group, known as the B20, which will funnel the views of the business sector to the G20.

Next year’s leaders’ meeting of the G20 will take place in Brisbane and will include gatherings of global finance ministers and central bank heads.

The government says Australian businesses will have an unprecedented opportunity to shape and drive the global economic agenda.

“The G20 offers an excellent opportunity to showcase local business to an international audience, and to strengthen links between Australian industry, our regional partners and the rest of the world," Treasurer
Wayne Swan
said.

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Members of the B20 will include National Australia Bank chief executive
Cameron Clyne
, his Commonwealth Bank counterpart,
Ian Narev
, Virgin Australia’s
John Borghetti
and Telstra chief
David Thodey
.

The G20, which is being hosted this year by Russia, includes the world’s biggest advanced and emerging economies, representing around 85 per cent of global gross domestic product.

The associated B20 group was first created in 2010, when Canada held the G20 presidency.

The Australian B20 will have about 20 members. Other participants are Australian Industry Group head
Innes Willox
, Reserve Bank of Australia board member and Clean Energy Finance Corporation chairman
Jillian Broadbent
; Credit Suisse managing director, Asia Pacific,
Mark Burrows
and Origin Energy managing director
Grant King
.

The leaders’ summit will be held in September, after a B20 meeting in St Petersburg in June. The body has set up taskforces on trade, financial systems, investment, infrastructure and development, job creation and investment in human capital and transparency and anti-corruption.